Akers Company Is Considering Purchasing a Machine $1 \quad \$ 30,000$

Multiple Choice

Akers Company is considering purchasing a machine. The machine will produce the following cash flows: Year $1 \quad \$ 30,000$
Year $2 \quad \$ 45,000$ Akers requires a minimum rate of return of 10%. What is the maximum price Akers should pay for this machine?

A) $64,462.95
B) $27,272.70
C) $75,000.00
D) $37,500.00